Toby Lewis
Terra Firma’s turnaround of the music company has run into further difficulties in the same month US bank Citi reportedly failed to sell on £2.4bn of EMI loans.
Vermeer Capital, the turnaround firm, set up by seasoned veterans of French business and restructuring, has raised €75m for its first fund.
The US bank and the global buyout firm have held talks about the possibility of strengthening co-investment ties, after Merrill Lynch sounded out TPG last year on the possibility of receiving a capital injection from the buyout firm.
The US bank and the global buyout firm have held talks about the possibility of strengthening co-investment ties, after Merrill Lynch sounded out TPG last year on the possibility of receiving a capital injection from the buyout firm.
The Nordic specialist energy private equity firm has bought a start-up oil and gas exploration and development company sealing another investment in the frenetic sector.
The success of TDC, the Danish telecoms company backed by a buyout consortium, in deleveraging by buying its own debt at a discount, has tempted other firms to follow suit.
After a tough year in 2007 providers of the hybrid form of debt are likely to capitalise fully on the disappearance of competition to finance leveraged buyouts.
The UK bank has written down £5.9bn in leveraged loans, structured credit vehicles and US residential mortgages, as it embarks on a £12bn rights issue and looks to shore up its weak balance sheet.
The diversified firm, jointly led by Charles Kaye, has surpassed its target by 25 percent, as investors look to emerging markets and growth capital for returns.
Kemal Kaya, a leading figure in the Turkish banking world, has joined Blackstone, as buyout firms descend on the region.